Macau casino stocks rip higher

Macau-related casino stocks rip higher as sentiment leans back toward the sector seeing relatively smooth credit terms for the VIP segment. The sector has been sensitive to any signs of a credit slowdown from Chinese banks that could impact traffic to Macau by junket operators.

Gainers: Melco Crown (MPEL) +6.5%, Las Vegas Sands (LVS) +5.0%, Wynn Resorts (WYNN) +4.7%, MGM Resorts (MGM) +4.1%.

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Comments (1)
  • Coltgunsil
    , contributor
    Comments (87) | Send Message
    Too much emphasis is being put on "bank credit," when analyzing this sector. VIP players do not get their "credit" from Chinese banks. They get their credit (and money to play with) from their VIP reps
    22 Apr 2014, 05:51 PM Reply Like
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